C&WJ discards mobile assets - Company writes off $5 billion - New pan -Caribbean outfit - Sets sights on M&A targets
Cable and Wireless Jamaica (C&WJ) has written off a major chunk of its mobile infrastructure but is expected within a matter of months to unveil invest-ments for replacement technology. Phil Green, the listed company's new CEO, says the write-down of mobile assets...
Real-estate IPO off to slow start - But brokers expect Carlton Savannah's offer to pick up
Brokers yesterday said that take-up of the J$1.254 billion initial public offering (IPO) by a Jamaican-based real-estate investment fund has so far been slow, but that offer could still prove a major success by the time it closes on Friday...
BITU in good shape
The Bustamante Industrial Trade Union (BITU) publishes accounts that are relatively current and apparently audited, and more quickly than most public and many private entities. It does not appear, however, to publish an annual report. The BITU accounts for the year...
$1b small-business loan fund lacks subscribers - Samuda takes charge of NIF-financed programme
The $1 billion-loan fund that was initially fought in Parliament as a misdirection of pension fund assets has failed to excite the group it was meant to help - small businesses. Close to 60 per cent of the fund remains untapped, forcing the ministry of labour to seek help...
Scotia maintains its profit edge - To pay dividends of $996 million
Scotia Group Jamaica continues to maintain its profit edge over its top rival, reporting net income of $4.7 billion or earnings per share of $1.50 in its half-year results. National Commercial Bank of Jamaica just weeks before, announced profit of $4.5 billion...
Issa property company takes on $4-billion residential project
Richmond Development Company Limited, owned by the House of Issa group, will be taking on a big residential project to transform a 500-acre property in St Ann into housing largely for retirees. The investment will run to US$57 million (J$4 billion), says Steve Bennett...
Guardian to sell stake in Panama company - Anticipates TT$450m profit from Mundial and RBTT share disposals
Financial conglomerate Guardian Holdings Limited (GHL) is to offload its 18 per cent stake in the Panamanian company Grupo Mundial Tenedora SA for US$27 per unit.GHL Executive Director Douglas Camacho said the price sought was three times its initial investment...
Balancing your portfolio
Every day we go through the rigours of life. We try to compensate for a stressful day with simple pleasures, watching television, taking long walks, or just chatting and unwinding with family and friends. Why do we have a need to do this? The easy answer...
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